ChiniMandi, Mumbai: 23rd Nov 2024
Domestic Market
Domestic sugar prices reported stable
Domestic sugar prices in the major markets were reported to be stable for the session after falling sharply since the beginning of the month. Trading activity was reported to be slow, and demand was said to be low, with buyers preferring to resell.
Furthermore, there has been no update on ethanol prices or sugar MSP, with sources stating that a decision will be made after the Maharashtra assembly elections. As the Maharashtra assembly elections have concluded, we can expect the millers to begin crushing next week, and any update on sugar MSP and ethanol prices will come by end of the month.
S-grade sugar in Kolhapur costs Rs 3,400-3,470 per quintal, while M-grade sugar in Muzaffarnagar costs Rs 3,740-3,790. According to Agrimandi.live, Kolhapur S-grade sugar will cost between Rs 3,380 and Rs 3,500 per quintal in the near future.
Ex-mill Sugar Prices as on Nov, 23 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3400 to 3460 |
₹3500 to 3540 |
|
South Karnataka |
₹3580 to 3660 |
₹3700 to 3710 |
|
Uttar Pradesh |
|
₹3740 to 3790 |
|
Gujarat |
₹3535 to 3561 |
₹3571 to 3651 |
|
Tamil Nadu |
₹3700 to 3850 |
₹3760 to 3950 |
|
Madhya Pradesh |
₹3700 to 3720 |
₹3750 to 3820 |
|
Punjab |
₹3950 to 4050 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 23 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,011.00 |
|
Kanpur |
M/30 |
₹3,969.00 |
|
Kolhapur |
M/30 |
₹3,706.50 |
|
Kolkata |
M/30 |
₹4,021.50 |
|
Muzaffarnagar |
M/30 |
₹3,969.00 |
|
Ahmedabad |
M/30 |
₹3,864.00 |
|
Banglore |
M/30 |
₹3,916.50 |
|
Chennai |
M/30 |
₹4,021.50 |
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